Monetary policy has been the only true stimulative tool in the last 4 years says Draghi

The only main game in town says the head man

• Mon pol will remain accommodative for a long time
• ECB must look at all tools to decide which is most effective
• Countries which have fiscal space should use it (nudge nudge Germany)
• Timeframe for inflation to reach target has gradually increased due to external factors
• Global disinflation is not an excuse for ECB inaction

EURUSD has ducked under the 50.0 fib if the Feb move at 1.1140 by a few pips. The 61.8 comes in at 1.1084 and alongside an old S&R level at 1.1087. 1.1120 and 1.1100 will be the next support between that.

EURUSD H1 chart